Housing market correction won't fix Utah housing shortage

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Housing market correction won't fix Utah housing shortage
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Yes, home prices are correcting as higher mortgage interest rates clamp down on demand. But it's not erasing Utah's housing shortage โ€” and that means Utah's housing affordability crisis isn't going anywhere.

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Home Buyers Having Easier Time Bidding as Soaring Interest Rates Price More Out of MarketHome Buyers Having Easier Time Bidding as Soaring Interest Rates Price More Out of Marketโ€œNow we're seeing our buyers, you know, get their offers accepted, they don't have to compete with 20 other people and all-cash offers,โ€ a San Diego realtor said.
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